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Of course it happened and continues to happen. For example, I work for a company that completely got rid of our NYC office during Covid. About 50% of the company no longer lives in NYC...



NYC as a city has one of the highest rates of turnover in residents. Not exactly a counter example.


Every major tech hub city has higher turn over than low cost cities, because they are expensive places to live. NYC is a perfect counter example, because it's THE example along with SF.




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